JPMorgan cuts target to USD 180 for Waste Connections stock

Published on 10/20/2026 at 13:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Before the results, Waste Connections stock costs EUR 147.84 on October 20, 2026. The NYSE close was USD 165.69 on October 19, 2026.

Upcoming reporting catalyst

JPMorgan lowered its Waste Connections target from USD 195.00 to USD 180.00 on October 8, 2026.
Second-quarter revenue rose 6.40 percent year over year to USD 2.56 billion.
Waste Connections stock trades at EUR 147.84 at 1:21 p.m. CEST at Lang & Schwarz on October 20, 2026.

WCN, CA94106B1013, Illustration mit AI erstellt.

Waste Connections (CA94106B1013) faces a lower JPMorgan target of USD 180.00, down from USD 195.00, in a note dated October 8, 2026, according to The Stock Observer. Waste Connections stock was trading at EUR 147.84 at Lang & Schwarz on October 20, 2026 at 1:21 p.m. CEST.

Quarterly growth sets the baseline

The company enters its third-quarter reporting date with second-quarter revenue of USD 2.56 billion, an increase of 6.40 percent from the same period a year earlier. Waste Connections also posted diluted earnings per share of USD 1.17 for the second quarter of 2026, while operating cash flow reached USD 733.29 million, according to the standardized financial statements for the period ended June 30, 2026.

The second-quarter result had exceeded the consensus figures cited by MarketBeat: earnings per share came in at USD 1.50 versus USD 1.35 expected, while revenue reached USD 2.56 billion against USD 2.51 billion expected. Those figures are from the second quarter of 2026 and are separate from the upcoming report.

What does the target cut leave?

JPMorgan's USD 180.00 target remains 8.63 percent above the NYSE close of USD 165.69 on October 19, 2026. MarketBeat reported an average 12-month target of USD 198.61 from eighteen brokerages on October 17, 2026, leaving the reduced JPMorgan view below that consensus.

Three dated steps to results

On July 22, 2026, Waste Connections reported second-quarter revenue of USD 2.56 billion and earnings per share of USD 1.50. On September 18, 2026, UBS upgraded the stock from Neutral to Buy and raised its target from USD 176.00 to USD 200.00. On October 8, 2026, JPMorgan cut its target from USD 195.00 to USD 180.00, according to The Stock Observer.

Next dates for the company

Waste Connections is scheduled to report third-quarter 2026 results on October 21, 2026, followed by an earnings call on October 22, 2026 at 8:30 a.m. ET, according to The Stock Observer.

Valuation meets the reporting catalyst

Waste Connections operates in waste collection, transfer, disposal and recycling across the United States and Canada. The NYSE close of USD 165.69 on October 19, 2026 sat inside the 52-week range of USD 146.89 to USD 179.74, while the market value was USD 41.8 billion on the same date. The upcoming results will provide the next reported test of the revenue growth and cash generation shown in the second quarter.

Waste Connections was trading at EUR 147.84 at Lang & Schwarz on October 20, 2026 at 1:21 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Waste Connections stock.